Each of the Following Is a Provision of the 1996

question 96

Multiple Choice

Each of the following is a provision of the 1996 welfare reform law except that

• A)lifetime welfare benefits would be limited to five years.
• B)each state receives a lump sum to run its own welfare and work programs.
• C)any adult found guilty of a felony would be removed from the welfare rolls.
• D)future legal immigrants are banned from welfare assistance.

---

Definitions:

Fixed Asset

Long-term tangible property owned by a business that is used in its operations to generate income, such as buildings, machinery, and equipment.

Operating Reserves

Funds set aside by an organization to cover future expenses or emergencies, contributing to financial stability and operational resilience.

Physical Assets

Tangible or material assets such as property, equipment, and inventory owned by a business or individual.

Total Return

The overall financial gain or loss on an investment over a specific time period, including income from dividends and interest, as well as capital gains.